Netflix announced new pricing plans for its service according to a post on its blog. While streaming customers might be happy with the changes, most will not.

First, the company is now offering a $7.99/month plan which lets you instantly watch unlimited TV episodes and movies. In offering this plan, Netflix is, for the first time, offering a plan without DVDs. Users can watch TV shows and movies instantly from their PC, Mac, TV, or through the company’s free universal app.

At the same time, Netflix is increasing the price of each of its unlimited plans that offer both instant viewing and DVDs by mail. Each plan has increased in price by $1.

For example, the two DVDs out at a time plan is now being offered for $14.99. Its old price was $13.99.

Blu-ray customers continue to pay extra for this add on feature. The added cost ranges from $2 more per month for the one DVD out-at-a-time plan to $9 for the eight DVD plan.

It is certainly nice to see Netflix offer a non-DVD plan. After all, many are now forgoing DVDs and using streaming exclusively to view TV shows and movies.

However, Netflix’s decision to increase prices overall certainly is not welcomed. Besides, while the company’s DVD collection is second to none, its catalog of streaming content still leaves much to be desired.

According to Netflix:

All the titles you can watch instantly on your current plan are also available on this new plan, and as a reminder, not all titles on DVD are available to watch instantly.

The new prices take effect immediately for new customers. Existing customers will see the price increases at the start of their next billing cycle.